Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Grosvenor Capital to Buy Credit Suisse's PE Unit

Jul 31, 2013
Jing Chen

Chicago-based hedge fund firm Grosvenor Capital Management may purchase Credit Suisse’s private equity unit.

The Wall Street Journal reported that Credit Suisse’s Customized Fund Investment Group, which manages a total of $30 billion, is in “advanced talks” with Grosvenor as the Swiss bank adapts to tougher regulations for managing investor capital and risk.

The article also said that while the agreement is not guaranteed, financial details are currently being worked out by representatives of both parties. If the transaction is successful, the acquisition would double Grosvenor’s assets to more than $45 billion.

The deal is expected to be valued at more than $200 million in cash.

Credit Suisse also began winding down its asset management finance unit earlier this year in response to tougher regulatory requirements.

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More